Kautilyab Theory of Economics:The Superstructure of virtue & prosperity
Abstract
Kautilyan Economics focuses on creation of a superstructure based on the ideal of balancing fairness and prosperity of all economic agents. Not only the role of the state in creation and maintenance of this structure is of paramount significance, the state itself exists to serve the overall structure. For Kautilya, economic prosperity and a virtuous socio-economic environment go hand in hand to lend long term stability to such prosperity. All economic agents should achieve their optimal equilibria and should fear consequences of discrepancy as also trust in delivery of justice.
Authors
Mukul Sharma